KPMG has launched an International Transfer
Pricing (OTP) service line, aimed at helping multinationals better
manage risks related to intercompany transactions.

KPMG said it decided to set up OST as a
response to the increase in scrutiny of transfer pricing activities
by tax authorities in the US and around the world.

KPMG US tax practice vice chair Scott Ozanus
said companies that fail to rigorously develop, implement and
manage their transfer pricing policies face growing reputational
and financial risks.

“Our focus is on helping multinational
companies not only increase the transparency of their transfer
pricing practices and reduce financial statement and tax risk, but
also enhance the performance of their tax and accounting
departments and lower their tax compliance costs,” Ozanus said.